Austin, TX 10/10/2007 9:06:08 PM
Speak with other shareholders about: (OTCBB: PLTG), (OTCBB: DNAG), and (OTCBB: USEI) .
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Platina Energy Group, Inc. (OTCBB: PLTG) (Tue, October 9, 2007, 3:00am EDT) Platina Energy Group, Inc. is pleased to announce that management will soon be announcing several acquisition prospects under joint venture arrangements with various Investor Groups.
According to Blair Merriam, President and CEO of Platina, "We have about completed our due diligence on several producing field opportunities in Texas. Our intention is to make offers on these prospects with our joint venture partners providing the project financing allowing Platina to retain a carried interest for facilitating the acquisitions.
According to Chip Langston, head of Platina Exploration Corp., a wholly owned subsidiary, our target is to have net interests from these acquisitions that would yield the equivalent of 500-1000 barrels per day of production to Platina by mid 2008."
Although Platina cannot guarantee all or any of these acquisitions will be possible, management is confident that it will meet its acquisition goals as it has demonstrated in the past, since its inception in 2005.
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DNAPrint Genomics, Inc. (OTCBB: DNAG) (Tue, October 9, 2007, 7:30am EDT) DNAPrint Genomics, Inc. today announced the formation of a strategic alliance with BioServe to provide biomedical researchers with clinical DNA samples that for the first time will include genetic ancestry data for each sample. With the added dimension of ancestry information to clinical samples, medical researchers will be able to determine whether certain biological markers are artifacts of genetic ancestry or are true markers for a disease or drug response in a disease. To create the genetic ancestry data, DNAPrint Genomics will analyze and categorize BioServe's Global Repository of nearly 600,000 human biological samples using its ANCESTRYbyDNA(TM) validated genetic ancestry test.
"Our relationship with BioServe is highly synergistic. Both companies believe that any epidemiological program will be more productive with access to high quality validated clinical samples that have been effectively categorized across a validated genetic ancestry platform," said Richard Gabriel, CEO and President of DNAPrint Genomics. "By removing the question of ancestry from a clinical sample researchers can more readily evaluate which medicines will produce side effects within certain ethnic groups, and which medicines will work for the widest spectrum of a population."
"Through this partnership with DNAPrint Genomics we can provide the medical research community with the best defined clinical sample set in the world," said Dr. Kevin Krenitsky, CEO of BioServe. "Additionally, we are able to uniquely support the application of our samples with services that include sample extraction and preparation, genotyping, and gene expression. Now that we are able to add the genetic ancestry component to our samples, a new layer of sample data quality and analysis can be provided that was not previously available to researchers."
Both companies are also capable of providing genotyping services, and between the two companies the following platforms are available: Beckman Ultra High Throughput SNP Platform, Illumina SNP Golden Gate, and Sequenom iPLEX. In addition, several gene RNA expression analysis platforms are available including Differential Expression Pattern Display Technology which has an RNA expression sensitivity 10 to 100 times greater than either of Affymetrix or Illumina gene expression profile technologies.
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US Energy Initiatives Corporation (OTCBB: USEI) (Tue, October 9, 2007, 6:00am EDT) US Energy Initiatives Corporation ("US Energy" or "the Company") provides an operational and financial update since the Company's recent acquisition. Further, the Company announced enterprise wide USEI is nearing a $5,000,000 annualized revenue rate.
"Our acquisition of SeaSpray in late August of this year has helped usher in a new era for the Company," said CEO Phil Rappa. "Our focus during the summer was elimination of expense and growth in revenues. I am pleased to report progress on both fronts. We have eliminated approximately $4,000,000 in annualized expenses previously dedicated to technology development. At the same time, through our acquisition of SeaSpray which has been renamed Advanced Aerosol, we have reached an enterprise wide revenue milestone that is a first for our company."
Advanced Aerosol (formerly SeaSpray): Operating from a 36,000 square foot facility in Seaford, Delaware, Advanced Aerosol offers chemical mixing and manufactures and sells aerosol-delivered janitorial and industrial products, waxes, lubricants, and polishes. Advanced Aerosol has over 700 chemical formulations which are packaged for private label clients and for the Company's own line of proprietary products. Highlights of Advanced Aerosol:
-- Fast-track for an ISO 9001 certification which will open more opportunities;
-- Revenue rate which has more than doubled since our acquisition;
-- Over 100 existing clients excited about new management.
Automated Engineering Corporation: The Company's wholly owned subsidiary Automated Engineering Corporation (AEC) is an ISO 9001 certified, nineteen-year-old company providing electronic design, prototype and production of electronic systems and components. We conduct our electronics design and manufacturing at our facility in Tampa, Florida. Highlight of Automated Engineering Corporation:
-- Engineering design, prototype development for a variety of clients;
-- Manufacturer of custom electronic components;
-- Domestic repair/replace outlet for large productions runs manufacturers overseas.
Proprietary Technologies: The Company's family of technologies includes:
-- A dual-fuel, diesel to natural gas system. We have operated under a development agreement with GM Thailand since June 2005. During 2007, GM Thailand announced the technology had passed their 100,000 kilometer durability test and was approved for sale within the Asia-Pac countries;
-- A new marine safety beacon in the form of a distress signal visible over a greater distance than competitive products. All watercraft operating in US waters are required to have a safety beacon;
-- Finalized and introduced a power conditioning and protective device for use in the upper-end recreational vehicle industry. This device allows for the safe and efficient delivery of electricity for the intricate systems found in recreational vehicles available in today's marketplace;
-- Infant automotive car seats designed so that should the infant be left in the car, an alarm will sound. Since the mid-1990s, the number of children who died of heat exhaustion while trapped inside vehicles has risen dramatically, totaling around 340 in the past 10 years. One reason was a change parent-drivers made to protect their kids after juvenile air- bag deaths peaked in 1995: they put them in the back seat, where they are more easily forgotten. USEI believes this sensor should become a requirement for all infant car seats.
"Since 1996, this Company has operated as a purely development enterprise. The Company of today has growing operations in chemical mixing/aerosol packaging, electronic manufacturing and through the sale of our various technologies. With the elimination of a substantial amount of expense, our margins are becoming more conventional and we are confident our efforts will result in positive earnings as we move forward," concluded Mr. Rappa.
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